TNAG-2484-FCO40-3615-UK-Hong-Kong-Scholarship-Scheme-donation-to-the-UK-Governme-1992 — Page 43

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DRAFT ESTIMATES FOR 1993/94

Assumptions

Estimated number of arrivals:

75

Average duration of scholarships:

9 months

Inflation: 3.6%

Maintenance allowances:

(a) 1st 5 months (April-August) at the current rate of £6720 per annum: £560 per month and £18.40 per day

(b) 2nd 7 months (September-March) assuming 3.6% increase,

at the rates of:

£6960 per year: £580 per month and £19.06 per day

Expenditure

Maintenance allowances while with firms

£

396,000

Expenditure not contributed to by firms:

a) Maintenance before and after attachment/travel expenses b) Maintenance and travel costs for transfers between firms c) Air fares

30,000

2,000

30,000

d) Staff Salaries

69,000

e) Miscellaneous (see page 3)

41,500

Total expenditure

568,500

Income

Firms' contributions @ 80% of £396,000 Business account interest, say

316,800 3,500

Total income

320,300

Summary

Expenditure

Income

DTI contribution

£

568,500

320,300

248,200 ( approx 43.7% of total expenditure )